Keefe, Bruyette & Woods Upgrades NatWest Group (NYSE:NWG) to “Moderate Buy”

NatWest Group (NYSE:NWG) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “hold” rating to a “moderate buy” rating in a report issued on Friday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on NWG. BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Berenberg Bank started coverage on shares of NatWest Group in a research report on Wednesday, June 24th. They issued a “buy” rating on the stock. Wall Street Zen cut shares of NatWest Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings downgraded shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

NatWest Group Stock Performance

Shares of NWG opened at $17.95 on Friday. The company has a market cap of $71.54 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92. The firm has a 50-day moving average of $16.62 and a 200-day moving average of $16.52. NatWest Group has a one year low of $13.30 and a one year high of $19.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.80 billion. As a group, equities analysts forecast that NatWest Group will post 1.94 earnings per share for the current year.

Institutional Trading of NatWest Group

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC grew its position in NatWest Group by 427.7% during the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after buying an additional 1,484 shares in the last quarter. American National Bank & Trust bought a new position in shares of NatWest Group in the fourth quarter worth $31,000. Rachor Investment Advisory Services LLC acquired a new position in NatWest Group in the fourth quarter valued at about $34,000. Caitong International Asset Management Co. Ltd lifted its position in NatWest Group by 173.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock worth $38,000 after purchasing an additional 1,394 shares during the period. Finally, Allworth Financial LP grew its stake in NatWest Group by 186.8% during the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock worth $39,000 after buying an additional 1,784 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.